IDEAS home Printed from https://ideas.repec.org/a/taf/servic/v32y2012i15p2399-2420.html
   My bibliography  Save this article

The business plan as a project: an evaluation of its predictive capability for business success

Author

Listed:
  • Rafael Fernández-Guerrero
  • Lorenzo Revuelto-Taboada
  • Virginia Simón-Moya

Abstract

Although there is extensive research aimed at identifying the main success factors for new ventures, efforts directed at evaluating the real effect of the existence and quality of a business plan on a firm's survival chances have been limited. This study attempts to fill this gap by analyzing to what extent the quality of a business plan, measured according to its economic, financial and organizational viability, constitutes a good predictor of business survival; and how other variables related to the characteristics of the entrepreneur and the business can affect the predictive capability of the model under consideration. Hypotheses are tested using data collected from 2142 service firms. The results show that none of the three variables that evaluate business plan quality (economic, financial and organizational viability) seems to have a determining influence on survival chances. Adding essential characteristics related to the entrepreneur and the business (education and training, experience, kind of motivation, number of employees and start-up capital) does little to increase the model's predictive capabilities.

Suggested Citation

  • Rafael Fernández-Guerrero & Lorenzo Revuelto-Taboada & Virginia Simón-Moya, 2012. "The business plan as a project: an evaluation of its predictive capability for business success," The Service Industries Journal, Taylor & Francis Journals, vol. 32(15), pages 2399-2420, January.
    • Handle: RePEc:taf:servic:v:32:y:2012:i:15:p:2399-2420
    DOI: 10.1080/02642069.2012.677830
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/02642069.2012.677830
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/02642069.2012.677830?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefanie De Bruyckere & Patricia Everaert, 2021. "The Role of the External Accountant in Business Planning for Starters: Perspective of the Self-Determination Theory," Sustainability, MDPI, vol. 13(6), pages 1-24, March.
    2. Simón-Moya, Virginia & Revuelto-Taboada, Lorenzo, 2016. "Revising the predictive capability of business plan quality for new firm survival using qualitative comparative analysis," Journal of Business Research, Elsevier, vol. 69(4), pages 1351-1356.
    3. Giovanna Mariani & Davide Morelli & Leonardo Bartoloni, 2019. "Managing uncertainty in the start-up environment. Is a business plan an incentive or a limitation?," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1), pages 73-96.
    4. Marc König & Manon Enjolras & Christina Ungerer & Mauricio Camargo & Guido Baltes, 2022. "Evaluation of tech ventures' evolving business models: rules for performance-related classification," Post-Print hal-03685241, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:servic:v:32:y:2012:i:15:p:2399-2420. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FSIJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.